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I think it will have an effect on the minority of people involved in recent transactions, either purchase or taking equity out of a house. The vast majority of people owned their house before the bubble, so it was a paper gain. And now it is a paper loss.
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James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
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